Quantitative Literacy- Chapter 7 Project 12-Dice Game
double snake eyes dice game
This project will require you to design and analyze a 2-dice single roll carnival-style fundraiser game. In order to successfully complete the project, you will need to know the probabilities of rolling 2-dice as well as the expected value formula. The game must have a house edge of <30%. The sample space for 2-dice is covered in 7.2 and expected value is covered in 7.5.
Design a 2-dice single roll game. Make sure the game has a fun name.
Explicitly state how much it costs to play the game.
Explicitly state how a player wins and how the player loses. State how much the player wins.
Calculate the expected value for a single roll. Note the house edge must be <30%.
Calculate the expected value if a player plays the game 10 times.
State your opinion on carnival-style games and casinos.
